Poland announces tax breaks for shale gas exploration

2:40 PM MDT | March 17, 2014 | Ian Young

Poland has offered six-year tax breaks to the country's shale gas industry, to speed up exploration work. The Polish authorities have, in recent years, awarded shale gas exploration licenses, but uncertainty over the related tax regime and future legislation has caused multinationals such as ExxonMobil and Marathon Oil to abandon projects in the country. Announcing the measures, Poland's prime minster, Donald Tusk, said that special taxes, designed specifically for the shale gas industry, would not be introduced before 2020. Postponing the taxes should be a...